0714 GMT - Bitcoin edges lower as it gives back gains from the previous session driven by the U.S. and China agreeing a temporary reduction in tariffs. Investors welcome the easing in trade tensions but remain cautious, IG analysts say in a note. Tariffs remain historically high and still pose risks to global growth, they say. The truce has dampened interest-rate cut expectations for the Federal Reserve. Markets are now turning their focus to key U.S. inflation data at 1230 GMT and upcoming earnings amid "lingering uncertainty" over what will follow the 90-day U.S.-China tariff reprieve, IG says. Bitcoin falls 0.2% to $102,463 after hitting a three-and-a-half-month high of $105,716 Monday, according to LSEG. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
May 13, 2025 03:14 ET (07:14 GMT)
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